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CIE Automotive India Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 18351.65 Crore) operating in Auto Ancillaries sector.

On the technical charts, the RSI of the stock stood at 40.72.

Cases have been filed in both federal and state courts in the United States and in Canada against Namaste Laboratories, Dermoviva Skin Essentials and Dabur International - all of which are subsidiaries of Dabur India Limited.

The stock quoted a 52-week high price of Rs 2096.25 and a 52-week low of Rs 1434.6.

A glimpse of this could be seen in the strong inflows in thematic/sectoral funds. Thematic/sectoral funds have garnered inflows of more than Rs 18,900 crore, so far in 2023.

In the domestic pack, Kotak Institutional Equities recommended a Sell, while Nuvama and Motilal Oswal took a hold and neutral stance, respectively raising concerns on exports outlook.

ETMarkets provides insights into the Golden Crossover pattern, its significance for investors, and highlights 10 stocks that recently experienced this bullish formation.

ETMarkets delves into a dozen stocks that find themselves in the overbought zone but bear a declining Relative Strength Index (RSI), offering valuable insights for investors.

“Option in an election year should be priced at Rs 900 but it is priced at Rs 350. It cannot come so cheap in an election year after a rally of about 16% on the index. This is a little out of the box, it is not a fundamental risk but a technical risk.”

RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement.